This Week's Earth-Buzzing Asteroid Could Be Worth $195 Billion

The idea of mining nearby asteroids for resources we could use on Earth is fast becoming a possibility — and the asteroid set to buzz Earth on February 15 could be worth up to $US195 billion. If we can catch it.

According to scientists at Deep Space Industries — one of the companies intent on mining asteroids — the passing rock, 2012 DA14, contains enough metals and propellants to make it worth a cool $US195 billion. Micahel Cooney writes:

[A]ccording to DSI experts, if 2012 DA14 contains 5 per cent recoverable water, that alone — in space as rocket fuel — might be worth as much as $US65 billion. If 10 per cent of its mass It could mass which could range from as little as 16,000 tons or as much as one million tons — is easily recovered iron, nickel and other metals, that could be worth — in space as building material — an additional $US130 billion.

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